The global IT asset disposition market is expected to showcase immense growth over the forecast period, as per the latest report found on WiseGuy Reports (WGR). Factors attributable to such growth include the emergence of technological advancements in electronics. Also, the rising penetration of mobile devices is another significant factor driving the global IT asset disposition market. Increasing inclination towards the development of energy-efficient products and an ascending adoption of the same is another factor driving the market.

Increasing demand for IT asset disposition from small and medium-sized enterprises is fueling the ascension of the market over the forecast period. The IT disposition market is expected to gain higher competition owing to rising adoption of cloud-based technologies and rising adoption of smartphones and tablets.

Additionally, major concerns faced by enterprises is the elevating need to reduce their power consumption from servers. Such concerns, including ones regarding the environmental policies, are promoting the growth noted in the IT asset disposition market.

However, the IT asset disposition market is expected to face some hindrance in terms of growth over the forecast period. lack of awareness towards high service costs is posing as a restraint on market growth. Moreover, poor awareness towards the government rules and regulations is another factor influencing market growth negatively.

The IT asset disposition market is segmented on the basis of type, application, and region. Based on type, the market is segmented into de-manufacturing and recycling, data destruction/data sanitization, and remarketing and value recovery. Based on application, the market is studied for the segments of education authorities, aerospace & defense, medical industry, manufacturing industry, public sector, government offices, and entertainment industry.

Detailed Regional Analysis:

The global IT asset disposition market is regionally segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is expected to exhibit momentous growth and hold the largest share in the market over the forecast period. Owing to the presence of major players from the IT asset disposition market in the region, North America’s growth is witnessing positive impact over the next few years. Rising penetration of smartphones and a rising shift towards laptops and smartphones in the region are expected to showcase stellar growth in the regional market. Asia Pacific’s IT asset disposition market is expected to witness substantial growth over the forecast period. This can be owed to the IT advancements in the region.

Industry Update:

November 2017: Ingram Micro ITAD opened a new facility in the South of Seattle. This facility is expected to enhance the company’s capability to serve its clientele in the Pacific Northwest with both traditional ITAD services, as well as a full suite of onsite services which include drive erasure and mobile drive destruction.